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Property Type:Residential Income (Multi-Family)
On Site:12 Days
Lot Size:6,378 Sq. Ft.
Fourplex located in a prime area of South Torrance and within walking distance of the highly rated Hickory Elementary School. Investment property has four all-electric units equipped with their own parking space inside garage area as well as radiant heating system in the ceiling. The building has two-lower units having their own enclosed patio areas. Front unit has laundry hooks, fireplace and large master bedroom. The property has laundry facilities and garage door openers. All units are leased on a month-to-month tenancy. VALUE PROPOSITION: After the acquisition of this real estate asset, its investment value will be increased by raising the unit's rental rates.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:2983 W 235th St Torrance, CA 90505
Area:129 - South Torrance
Number of Buildings: 1
Total Units: 4
Unit 1: 1 Unit•2 Beds•1 Bath•Unfurnished•$1,490 actual rent•$1,490 total rent•$1,800 pro forma
Unit 2: 1 Unit•3 Beds•2 Baths•Unfurnished•$2,200 actual rent•$2,200 total rent•$2,500 pro forma
Unit 3: 1 Unit•2 Beds•1 Bath•Unfurnished•$1,600 actual rent•$1,600 total rent•$1,900 pro forma
Unit 4: 1 Unit•3 Beds•2 Baths•Unfurnished•$2,550 actual rent•$2,550 total rent•$2,700 pro forma
Garage Spaces: 4.0
Parking Total: 4.0
Features / Amenities
Appliances: Electric Cooktop, Electric Oven, Electric Water Heater
Laundry: Common Area
Common Walls: 1 Common Wall
Lot Size: 0.15 Acres / 6,378 Sq. Ft.
Lot Features: Item25UnitsAcre
Utilities: Electricity Available
Sewer: Public Sewer
Directions:South of Sepulveda Boulevard
Tax and Financial Info
Contingency: Call Listing Broker. Please do not disturb occupants. Submit proof of funds and pre-approval letter. Buyers to cooperate with Seller's 1031 Exchange. Information deemed reliable but not guaranteed.
Gross Income: $7,840
Gross Scheduled Income: $94,080
Net Operating Income: $55,480
Electric Expense: $1,140
Gardener Expense: $840
Insurance Expense: $2,6
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Listing provided courtesy of Edgard Asensio, Asensio Property Management Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of May 15, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.